Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 47.3% in July

Key Points

• Carlsberg AS saw a significant 47.3% decline in short interest, dropping from 5,500 shares to 2,900 shares by the end of July.
• The company's stock currently has a consensus rating of "Hold", with one analyst giving a sell rating and another a strong buy rating.
• Carlsberg AS has fluctuated between a one-year low of $18.21 and a high of $30.22, with its current trading price at $23.60.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 2,900 shares, adeclineof47.3% from the July 15th total of 5,500 shares. Based on an average daily trading volume, of 70,900 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 70,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CABGY shares. Zacks Research downgraded Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research note on Monday. Hsbc Global Res downgraded Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold".

Carlsberg AS Stock Performance

Shares of Carlsberg AS stock traded down $0.04 during trading on Thursday, hitting $24.22. The stock had a trading volume of 52,148 shares, compared to its average volume of 163,678. Carlsberg AS has a 12 month low of $18.21 and a 12 month high of $30.22. The business's 50-day moving average is $27.02 and its 200 day moving average is $26.49. The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.89.

About Carlsberg AS

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.